CryptoCache™
$BTC Signs of Downside Spot Volume and Open interest dropping since US Market Opened 1 hour ago. This is a sign of weakness indicating downside potential is currently higher. Careful longing into this.
$BTC Dumps as Coinbase Offloads Spot
Heavy outflows of spot on CB (likely ETF's selling).
This is a common occurrence after retail FOMO's in on weekends.
Congrats to our traders who read the signs and didn't just long the local top.
Heavy outflows of spot on CB (likely ETF's selling).
This is a common occurrence after retail FOMO's in on weekends.
Congrats to our traders who read the signs and didn't just long the local top.
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CryptoCache™
$BTC Head & Shoulders Pattern It's possible we're in the throws of a right shoulder for an ascending H&S pattern. Not the cleanest setup, but certainly something worth watching. 👀
$BTC Head & Shoulders Pattern
Right Shoulder is in... 👀
Anyone else short RN?
Right Shoulder is in... 👀
Anyone else short RN?
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Trading isn't only about winning.
It's about knowing when to walk away & learning from your mistakes.
That's why we stick together and grow as a community.
For traders who think the same 👇 https://discord.gg/PJv2gykpb7
It's about knowing when to walk away & learning from your mistakes.
That's why we stick together and grow as a community.
For traders who think the same 👇 https://discord.gg/PJv2gykpb7
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CryptoCache™
$BTC Signs of Downside Spot Volume and Open interest dropping since US Market Opened 1 hour ago. This is a sign of weakness indicating downside potential is currently higher. Careful longing into this.
$BTC Signs of Downside, Cont'd
Just like we saw Monday Morning before the drop...
We're seeing the exact same thing today (hidden divergence).
Low Spot volume CVD and Open Interest leading into a pump.
Not to be trusted.
Just like we saw Monday Morning before the drop...
We're seeing the exact same thing today (hidden divergence).
Low Spot volume CVD and Open Interest leading into a pump.
Not to be trusted.
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$BTC Liquidation Telling Different Stories
Weekly (7d) liquidation swept at 63k, suggests we pivot and go higher to hit 66k this week.
However, Macro (30d) liquidation tells us low 60's, and 58k has a big target on its back.
Think we see 66k first, then ~60k?
Weekly (7d) liquidation swept at 63k, suggests we pivot and go higher to hit 66k this week.
However, Macro (30d) liquidation tells us low 60's, and 58k has a big target on its back.
Think we see 66k first, then ~60k?
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